Top Funding Rounds Week of October 31st
Douzone Bizon and Archer Aviation lead a high-stakes week of VC funding. Discover the latest moves in enterprise software, eVTOLs, and pre-IPO positioning.
- 01Information Technology • Professional Services•Seoul-t'ukpyolsi$930MEquity
Douzone Bizon, a South Korean SME ERP software provider, is set to receive a $930 million equity investment from EQT.
- 02Manufacturing • Science and Engineering•California$650MEquity
eVTOL air-taxi company Archer Aviation raised a $650 million equity round from undisclosed investors.
- 03Health Care•Gujarat$563.9MEquity
Zydus Lifesciences plans to raise ₹5,000 crore through a qualified institutional placement, rights issue, preferential allotment or private placement.
- 04Government and Military • Manufacturing•Massachusetts$550MEquity
Vulcan Elements, a domestic rare earth magnet manufacturer, secured a $1.4 billion partnership financing package with the United States Government and ReElement Technologies.
- 05Biotechnology • Health Care•Cheshire$540MEquity
Tharimmune raised a $540 million private placement led by DRW and Liberty City Ventures, with participation from ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, Polychain Capital, SBI Group, Tradeweb Markets, the Canton Foundation, and other institutional investors.
- 06Blockchain and Cryptocurrency • Financial Services•California$500MEquity
Crypto fintech Ripple raised a $500 million strategic common-equity investment led by funds managed by affiliates of Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
- 07Artificial Intelligence (AI) • Data and Analytics•New York$500MSeries D
Applied-AI startup Metropolis raised a $500 million Series D led by LionTree, with BDT & MSD Partners, DFJ, Eldridge, Slow Ventures, SoftBank Vision Fund 2, Tekne Capital and Vista participating, and simultaneously secured a $1.1 billion Term Loan B.
- 08Apps • Content and Publishing•Lombardia$440MEquity
Bending Spoons, an AI-driven digital platform operator, raised a $710 million equity financing (comprising $270 million primary and $440 million secondary) led by accounts advised by T. Rowe Price Investment Management with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity, Foxhaven Asset Management, and Radcliff.
- 09Information Technology • Internet Services•California$435MEquity
Cybersecurity startup Armis raised a $435 million pre-IPO round led by Growth Equity at Goldman Sachs Alternatives, with CapitalG and Evolution Equity Partners participating.
- 10Artificial Intelligence (AI) • Data and Analytics•Attiki$344.9MEquity
Used-car subscription startup Spotawheel raised a €300 million mixed equity and debt round, with the debt provided by Pollen Street Capital and equity supplied by a consortium of European investors.
- 11Financial Services • Lending and Investments•Karnataka$336.4MEquity
Groww raised ₹2,984 crore in an anchor equity placement ahead of its ₹6,632 crore IPO, led by Abu Dhabi Investment Authority, Government of Singapore, and 100+ global and domestic funds.
- 12Other • Science and Engineering•Ontario$250MSeries B
Beacon Software, an AI holding company transforming real-world industries, raised a $250 million Series B round co-led by General Catalyst, Lightspeed Venture Partners and D1 Capital.
- 13Financial Services • Lending and Investments•Texas$250MEquity
Texas Stock Exchange operator TXSE Group raised an undisclosed second-round equity financing—bringing total funding to more than $250 M—with participation from J.P. Morgan, BlackRock, Charles Schwab and Citadel Securities.
- 14Commerce and Shopping • Financial Services•California$225MSeries F
Live shopping marketplace Whatnot raised a $225 million Series F co-led by DST Global and CapitalG with participation from Sequoia Capital, Alkeon Capital, Greycroft, Andreessen Horowitz, avra, and BOND.
- 15Consumer Electronics • Hardware•New York$200MSeries D
Brain-computer interface startup Synchron raised a $200 million Series D round led by Double Point Ventures with participation from ARCH Ventures, Khosla Ventures, Bezos Expeditions, NTI, METIS, NRF, T.Rx Capital, QIA, K5 Global, Protocol Labs and IQT.
- 16Blockchain and Cryptocurrency • Financial Services•Delaware$200MEquity
Bitcoin-backed lending platform Lava raised a $200 M combination of venture and debt financing with angel participation from Anthony Pompliano and Eric Jackson.
- 17Biotechnology • Health Care•California$185MSeries A
Braveheart Bio, a clinical-stage HCM therapeutics developer, raised a $185 million Series A round led by Andreessen Horowitz with participation from Forbion, OrbiMed, Enavate Sciences, and Frazier Life Sciences.
- 18Financial Services • Other•California$150MEquity
Alleviate Financial Solutions raised a $150 million growth capital investment from Sound Point Capital Management to scale its debt-to-wealth consumer finance platform.
- 19Biotechnology • Health Care•Lombardia$141MSeries B
AAVantgarde Bio, a developer of AAV gene therapies for retinal diseases, raised a $141 million Series B led by Schroders Capital with participation from Atlas Venture, Forbion, Amgen Ventures and others.
